Littelfuse, Inc. (NASDAQ:LFUS – Get Free Report) SVP Maggie Chu sold 11,397 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $435.48, for a total transaction of $4,963,165.56. Following the completion of the sale, the senior vice president directly owned 6,001 shares in the company, valued at $2,613,315.48. This represents a 65.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Maggie Chu also recently made the following trade(s):
- On Thursday, April 30th, Maggie Chu sold 282 shares of Littelfuse stock. The stock was sold at an average price of $396.90, for a total value of $111,925.80.
- On Tuesday, April 28th, Maggie Chu sold 815 shares of Littelfuse stock. The stock was sold at an average price of $392.47, for a total value of $319,863.05.
Littelfuse Stock Performance
NASDAQ:LFUS traded up $2.65 during trading hours on Thursday, reaching $443.91. 298,332 shares of the stock were exchanged, compared to its average volume of 289,495. The stock has a market capitalization of $11.23 billion, a P/E ratio of -262.67, a P/E/G ratio of 2.41 and a beta of 1.46. The firm has a 50 day simple moving average of $381.45 and a 200-day simple moving average of $320.63. The company has a quick ratio of 1.82, a current ratio of 2.61 and a debt-to-equity ratio of 0.21. Littelfuse, Inc. has a 52 week low of $201.19 and a 52 week high of $483.95.
Littelfuse Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, May 21st. Littelfuse’s dividend payout ratio is presently -177.51%.
Analyst Ratings Changes
Several brokerages have weighed in on LFUS. UBS Group set a $360.00 target price on Littelfuse in a research note on Thursday, January 29th. Weiss Ratings downgraded Littelfuse from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 13th. Oppenheimer lifted their target price on Littelfuse from $430.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Robert W. Baird set a $360.00 target price on shares of Littelfuse in a research report on Thursday, January 29th. Finally, Zacks Research upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $436.67.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Key Capital Management INC purchased a new position in Littelfuse during the 4th quarter valued at about $25,000. Atlas Capital Advisors Inc. acquired a new position in shares of Littelfuse in the fourth quarter worth $27,000. V Square Quantitative Management LLC purchased a new stake in shares of Littelfuse during the fourth quarter worth $30,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Littelfuse during the third quarter worth $31,000. Finally, Hantz Financial Services Inc. boosted its position in Littelfuse by 57.6% during the third quarter. Hantz Financial Services Inc. now owns 134 shares of the technology company’s stock valued at $35,000 after purchasing an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.
About Littelfuse
Littelfuse, Inc is a global manufacturer of circuit protection, power control, and sensing technologies. Founded in 1927 and headquartered in Chicago, Illinois, the company develops and produces a broad range of products designed to safeguard electrical and electronic systems across a variety of end markets. Littelfuse’s offerings include fuses, semiconductors, relays, and sensors, all engineered to protect against overcurrent, overvoltage, and thermal events in demanding applications.
The company’s product portfolio is organized into key segments such as Automotive, Industrial & Electronics, and Power & Sensor.
Featured Stories
- Five stocks we like better than Littelfuse
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
- Silicon Shake-Up: The AI Trade Is Moving Beyond NVIDIA
- The Silver Lining of Last Week’s Hims & Hers Earnings Miss
Receive News & Ratings for Littelfuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Littelfuse and related companies with MarketBeat.com's FREE daily email newsletter.
